FBIIX vs. IAGG
Compare and contrast key facts about Fidelity International Bond Index Fund (FBIIX) and iShares Core International Aggregate Bond ETF (IAGG).
FBIIX is managed by Fidelity. It was launched on Oct 10, 2019. IAGG is a passively managed fund by iShares that tracks the performance of the Barclays Global Aggregate ex USD 10% Issuer Capped (Hedged) Index. It was launched on Nov 10, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBIIX or IAGG.
Performance
FBIIX vs. IAGG - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FBIIX having a 3.68% return and IAGG slightly higher at 3.84%.
FBIIX
3.68%
0.21%
3.99%
7.14%
0.30%
N/A
IAGG
3.84%
0.14%
4.19%
7.31%
0.55%
N/A
Key characteristics
| FBIIX | IAGG | |
|---|---|---|
| Sharpe Ratio | 2.36 | 1.94 |
| Sortino Ratio | 3.72 | 2.97 |
| Omega Ratio | 1.45 | 1.35 |
| Calmar Ratio | 0.75 | 0.85 |
| Martin Ratio | 11.33 | 10.49 |
| Ulcer Index | 0.63% | 0.70% |
| Daily Std Dev | 3.03% | 3.80% |
| Max Drawdown | -13.79% | -13.88% |
| Current Drawdown | -2.56% | -1.46% |
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FBIIX vs. IAGG - Expense Ratio Comparison
FBIIX has a 0.06% expense ratio, which is lower than IAGG's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FBIIX and IAGG is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
FBIIX vs. IAGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Bond Index Fund (FBIIX) and iShares Core International Aggregate Bond ETF (IAGG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FBIIX vs. IAGG - Dividend Comparison
FBIIX's dividend yield for the trailing twelve months is around 3.14%, less than IAGG's 3.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBIIX Fidelity International Bond Index Fund | 3.14% | 2.85% | 1.02% | 0.62% | 0.74% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% |
IAGG iShares Core International Aggregate Bond ETF | 3.42% | 3.55% | 2.28% | 1.16% | 1.95% | 2.82% | 3.02% | 1.74% | 1.56% | 0.13% |
Drawdowns
FBIIX vs. IAGG - Drawdown Comparison
The maximum FBIIX drawdown since its inception was -13.79%, roughly equal to the maximum IAGG drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for FBIIX and IAGG. For additional features, visit the drawdowns tool.
Volatility
FBIIX vs. IAGG - Volatility Comparison
The current volatility for Fidelity International Bond Index Fund (FBIIX) is 0.57%, while iShares Core International Aggregate Bond ETF (IAGG) has a volatility of 0.87%. This indicates that FBIIX experiences smaller price fluctuations and is considered to be less risky than IAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.